What is the difference between accumulated depreciation and depreciation expense?
- 1 Answers
- 1311 Views
- I also Faced
- E-Mail Answers
Answer Posted / Brahma Dev Dwivedi
"Depreciation expense is the amount charged off as an expense during a period, while accumulated depreciation is the total amount of depreciation charged to date on an asset. Accumulated depreciation is shown as a contra-asset account on the balance sheet, and it reduces the net book value of the asset."n
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
why i want to join Hawkins company
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
what accounts payable applications are your familiar with?
Tell me which accounting application you prefer most and why?
How to get C forms in online? Plz give me Processor Thanq
WHICH QUESTIONS ASKED IN EPFO IN 2009.
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Why did you choose the a-levels you did?
What is your greatest achievement and why?
How many invoices on average do you handle on a weekly/monthly basis?
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
Which accounting applications are your familiar with?
